Ukrainian-Dutch Cloudprinter secures financing from U.Ventures
Ukrainian-Dutch startup Cloudprinter has secured a fresh round of financing. The company’s investors included the Ukrainian VC fund U.Ventures and Brabant Development Company, a Dutch family office, as well as others, Startup Rise EU reports. The company does not disclose the amount of the funding.
- Founded in 2016 by Martijn Eier, Cloudprinter is the leading Print API for Web2Print providers, e-commerce solutions, enterprises, and publishers worldwide. The company is building a global network of over 170 print partners for local printing. It has headquarters in the Netherlands, Denmark, and Ukraine, where the majority of the workforce is located.
- The investment round features a diverse range of backers, including existing shareholders like the Brabant Development Company, a family office, and internal management. Furthermore, U.Ventures has joined the round as a major new Ukrainian stakeholder.
“We’re incredibly excited to invest in Cloudprinter.com, In our view, they have the potential to become one of the first globally-operating unicorns to emerge from Ukraine, particularly in the challenging period following the full-scale Russian invasion and war. Their pioneering approach to print-on-demand solutions perfectly aligns with our mission to catalyze economic growth and technological advancement,”Andrew Sorohan, Venture Director at u.ventures, said.
- Thanks to the fresh capital injection, Cloudprinter is planning for an even larger funding round next year aimed at accelerating the company’s growth trajectory.
U.Ventures is the venture capital arm of Horizon Capital, which has $850 million under management. Founded in 2017, It is an early-stage VC fund with $15 million in assets. It invests in Ukrainian companies inside e-Education, Machine Learning, and Fintech industries during their seed to Series A stages.